feasibility

(noun)

The state of being possible.

Related Terms

Examples of feasibility in the following topics:

  • Technological Change

    • In economics, technological change is a term used to describe the change in a set of feasible production possibilities.
    • Technological change is a term used to describe the change in a set of feasible production possibilities.

  • Introduction to Optimization and Markets

  • Policy Formulation

    • First, the policy must be a valid way of solving the issue in the most efficient and feasible way possible.
    • Secondly, policies must be politically feasible.

  • Making Strategy Effective

    • Feasibility is concerned with whether or not the organization has the resources required to implement the strategy (such as capital, people, time, market access, and expertise).
    • One method of analyzing feasibility is to conduct a break-even analysis, which identifies if there are inputs to generate outputs and consumer demand to cover the costs involved.
    • A firm may perform a break-even analysis to determine if a strategy is feasible.

  • The Capitalist Critique of Socialism

    • Critiques of socialism generally refer to its lack of efficiency and feasibility, as well as the political/social effects of such a system.
    • Criticism of socialism refers to a critique of socialist models of economic organization, efficiency, and feasibility, as well as the political and social implications of such a system.

  • Economic Decisions

    • Rational behavior requires that the agent has identified an objective or goal and has evaluated all feasible alternatives to select the alternative that best achieves the objective.
    • In a planned or command economic system, some type of planning authority would necessarily have to have information about an objective, all inputs, all technology and all alternatives that are feasible.
    • Individuals only need to know about their own preferences and feasible alternatives.
    • Information about the objectives and feasible alternatives is necessary if "rational choices" are to be made.
    • Develop the criteria to evaluate each feasible alternative with respect to the objective.

  • The Prevalence of Small Businesses

    • The point here is that barriers to entry are central factors in determining the feasibility of the average business owner entering a given industry.
    • The 80% of SMBs that reside in the service-providing sector is largely a reflection of the overall U.S. economy (services over goods), as well as the greater feasibility of service industries for small-scale entry.

  • Application of Systems of Inequalities: Linear Programming

    • Phase I either gives a basic feasible solution or no solution.
    • Moving from one basic feasible solution to an adjacent basic feasible solution is called a pivot.
    • If there are none in the pivot column, then the entering variable can take any non-negative value with the solution remaining feasible.
    • Columns 5 and 6 are the basic variables s and t, and the basic feasible solution is $a=b=c=0, s=10, t=15$.
    • Now columns 4 and 5 represent the basic variables c and s and the corresponding basic feasible solution is:

  • Licensing

    • Scarce capital, import restrictions, or government restrictions may make this the only feasible means for selling in another country.

  • Planning a Project

    • Initiation: The initiation stage includes generating the idea, assessing the feasibility and profitability of the project, conceptualizing the operational benefits and the bottom line, and getting approval and resources.
    • This step-by-step process highlights each feasible stage in the project-management cycle.